The Labor Department's monthly employment report is issued Friday morning. Economists are predicting that more than 100,000 jobs were added last month, but not enough to change the jobless rate of 7.6 percent.
This is MORNING EDITION from NPR News. Good morning. I'm David Greene. President Obama says it is time to focus on the strong economic relationship between the United States and Mexico and not get bogged down on more contentious issues like cooperation on the war on the drugs.
Obama made his comments yesterday as he began a two-day visit to Mexico. He flies on to Costa Rica later today. NPR's Carrie Kahn reports.
Mutual funds, which have topped $13 trillion, are the way many Americans interact with the financial markets. You may have come across mutual funds when you set up an individual retirement account or a company-sponsored retirement account like a 401(k).
A "basket" of stocks, bonds or both, mutual funds are seen as safer to own than individual stocks. Having many in one basket spreads the risk, especially over time. But high fees, lack of diversification, or a focus on short-term gains can put your nest egg at risk.
Earlier this year, the percentage of Americans who are working or looking for work fell to its lowest level since 1979.
The figure (wonks call it labor force participation rate) rose for decades, as more women entered the workforce. It started falling over a decade ago. And the decline is now being driven by a bunch of different factors — some of which are scary and recessiony, and some of which are not.
The government's employment report for April comes out Friday. It's an important measure of the economy's health and the advance signals have been mixed. One report this week showed layoffs falling to a five-year low, but another suggests disappointing jobs creation.
At least one sector is providing some positive news for the job market: housing.
The collapse of the garment factory in Bangladesh is seen as a gross violation of safety and workers rights. There are international organizations which try to guide and encourage companies and governments towards better codes of conduct, but the groups have no legal recourse.
A woman holds a .22-caliber Crickett youth rifle at a Gander Mountain store in Flint Township, Mich. This type of gun, which is marketed to children and comes in a variety of colors, was involved in the shooting death of a 2-year-old girl in Kentucky.
Credit Steve Jessmore / The Flint Journal/Landov
The shooting death of a 2-year-old girl in Kentucky at the hands of her 5-year-old brother has opened up yet another debate about gun control.
While no one favors the idea of 5-year-olds using weapons without supervision, there is no consensus on the appropriate age to start hands-on training with firearms.